REINER SAID TO BE TOP CHOICE FOR FINLAY FINE JEWELRY POST
NEW YORK — Speculation that Arthur E. Reiner, former chairman and chief executive officer of Macy’s East, is a top candidate for a high-level job at Finlay Fine Jewelry Corp. continued to circulate Tuesday.
The reports surfaced early this month, but on Tuesday, sources said, a deal was close.
“I don’t know anything about it,” said Ron Grudberg, ceo of Findlay. He said he had not spoken to Reiner about a job.
Finlay operates about 760 licensed fine jewelry shops in 30 department store groups in the U.S. Last year, the company did $505.6 million in sales.
Reiner, who is 54, spent 32 years at Macy’s before being squeezed out by the Federated Department Stores’ takeover. He could not be reached for comment Tuesday.
Federated is consolidating its Abraham & Straus division into Macy’s East and named Hal Kahn, the former ceo of A&S, chairman and ceo of the combined operation.